Ethereum - 
ETHUSD - is starting the rally:
(click chart above to see the in depth analysis👆🏻)
Levels to watch: $2.000, $4.000
Keep your long term vision!
Philip (BasicTrading)
ETHUSD - is starting the rally:(click chart above to see the in depth analysis👆🏻)
Finally, after dropping an expected -65% over the past couple of months, Ethereum is retesting and already rejecting a significant horizontal structure. Together with the strong confluence of support, Ethereum is now creating a long term bottom, initiating the next bullish cycle.
Levels to watch: $2.000, $4.000
Keep your long term vision!
Philip (BasicTrading)
Trade active
Ethereum - ETHUSD - is nicely respecting structure:(click chart above to see the in depth analysis👆🏻)
After Ethereum recently perfectly rejected the major horizontal reversal level, it is now retesting a minor resistance area. If the bullish momentum continues, it is quite likely that this structure will be broken and Ethereum will then target new all time highs.
Levels to watch: $4.000
Keep your long term vision!
Philip (BasicTrading)
Trade closed: target reached
Ethereum - ETHUSD - is about to break resistance:(click chart above to see the in depth analysis👆🏻)
With a rally of +50% so far in May, bulls are clearly in control of Ethereum. However, looking at technicals, Ethereum was simply retesting a major confluence of support and therefore started the reversal. The overall uptrend still remains totally valid.
Levels to watch: $4.000
Keep your long term vision!
Philip (BasicTrading)
Keep your long term vision!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.